Spectator on facebook

Spectator on facebook

BUSINESS SHORTS

Slovakia back at the top of EU jobless list

SLOVAKIA has recorded the highest unemployment rate in the EU for the second month in a row.

The jobless rate in Slovakia was 10.7 percent in June, according to the latest Eurostat statistics. It was a drop of 0.1 percentage points from May and 2.7 points from June 2006, the TASR newswire wrote.

A large number of the jobless are the long-term unemployed - those who have problems that prevent them from finding a job - but this number is also on the decline, the Hospodárske Noviny daily wrote.

The gap between Slovakia and Poland, which usually topped the unemployment rate until recently, widened in June when Poland's jobless rate decreased by 0.3 points from May, to 10.2 percent.

The Slovak Centre of Labour, Social Affairs and the Family says Slovakia's position in the Eurostat statistics is only caused by a different methodology for calculating the unemployment rate. According to the centre's statistcs, the June unemployment rate was 8.3 percent.

"We record only registered job-seekers at individual job offices. These register on a volunteer basis," said centre spokesperson Danica Lehotská.

On the other hand, the recent influx of large foreign investors has exhausted the local labour market, the Sme daily wrote. Large companies in Slovakia that benefit from state investment incentives are starting to lure people from abroad to work in Slovakia, meaning the government is also subsidising jobs for foreigners, the daily wrote.

The Labour Ministry reports about 4,500 foreigners working in Slovakia, of which less than 1,200 are from EU countries. For example, Samsung in Galanta employs a total of 4,660 foreigners, around 250 of whom are from Romania.

Last year, one position in the factory cost the state Sk250,000 (€7,500).

Top stories

They reported corruption at the Foreign Ministry. Now they receive an award

The tenth year of the White Crow award, celebrating young people and activists who break prejudices and go against the tide.

White Crow award laureates

Blog: Slovakia’s time to shine is now

People may be able to recognise Slovakia’s neighbouring countries through associations with food, drinks, beautiful cities or well-known political events. But Slovakia remains very much "hidden".

Bratislava Castle

The day that changed the Tatra mountains for good Photo

The windstorm damaged 12,000 hectares of woods on November 19, 2004.

Tatras after the 2004 calamity

Smer follows a downward trend but may escape oblivion

What does the defeat in regional elections mean for the future of Slovakia’s strongest party?

“How could it be a fiasco when a political party wins most councillors among all parties?” asks PM Robert Fico.